The lockdown restrictions and the state of emergency declared by the Ukrainian government are ravaging the already faltering economy of Ukraine. At the end of March 2020, Ukrainian Prime Minister Denys Shmyhal presented a new macroeconomic forecast for this year, taking into consideration the...
So far, Poland has maintained strong economic growth for several years. Thanks to that, the situation of public finances has also improved. The crisis we will face in the coming months and the need to increase spending to support the locked down economy will deteriorate the condition of the budget.
At the end of December last year, the Czech Ministry of Finance drafted a new policy regarding state-owned assets. It outlined which companies should remain in state hands and which should be privatized. The sellout of those companies earmarked for privatization is to commence later this year.
Despite lofty rhetoric, the Ukrainian authorities have failed to secure any significant progress in the privatization of the country’s largest state-owned companies during the past five years. The new government promises a fundamental shift in this area.
Although Russia is still among the three global leaders in oil production, it only ranks the 8th in terms of the size of controlled oil reserves. But they are already heavily depleted and there are no new oil deposits that would be cheaper and easier to extract.
The value of global exports of counterfeit or pirated products (copyrighted works reproduced without permission from the copyright owner) increased from USD461bn to USD509bn. The most commonly counterfeited products are electronics.
An inside look into 96 Russian companies’ financials carried out by the National Rating Agency shows that Russia’s largest companies will pay their shareholders USD50bn in dividends this year, up from USD35bn in 2018.
In 2017, the contribution of tourism to Croatian GDP increased by 0,7 per cent y/y to 19,6 per cent. Croatia earned EUR1.3bn in revenues from foreign tourist, which meant an increase of 10 per cent y/y.
According to the experts, the mass privatization of state-owned enterprises that has been launched in Ukraine, will not fulfill the hopes for a revival of the Ukrainian economy. Meanwhile, such a revival is badly needed.